Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.035%

Price spread now: SoDEX against edgeX+0.064%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on edgeX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.085%−$9 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.064%, 7d avg −0.002%

Together, before fees−0.127%+ Points / potential airdropedgeX: Active · farm board−$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.065% dearer against edgeX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAVEUSDC	141.28	0.0100	pay 0.0050% / 4h	3h 58m	$109K	$284K	20x
Short	SoDEX AAVE-USD	141.37	0.0100	get 0.0013% / 1h	58m 33s	$5K	$298K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee SoDEXbpOrdersPrice spread, now +0.064%Rate

Funding earned: $0
Price spread: +0.064% → −0.002%: $6.54
Slippage, 4 orders: −$9.21
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$19.67
Costs to cover: 0.262%
Break-even: never at this rate

Slippage from edgeX: live order book, 39 min ago; SoDEX: live order book, 40 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 39 min ago	3.54 bp	8.0 bp −$8	11.5 bp −$115	doesn't fit	doesn't fit
Sell SoDEX live order book, 40 min ago	0.35 bp	5.1 bp −$5	10.0 bp −$100	91.8 bp −$9,185	doesn't fit

AAVE on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX AAVE-USD	0.0000%	1h	141.61	+0.233%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.49	+0.149%	$46K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.42	+0.099%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.058%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.34	+0.040%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0085%	8h	141.38	+0.071%	$17K	$8K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.76	+0.339%	$4.5M	$2.5M	10x	as long as short
Nado AAVE-PERP	+0.0098%	1h	141.57	+0.209%	$828K	$400K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.54	+0.188%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.71	+0.304%	$77.4M	$37.2M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AAVEUSDT	+0.0100%	8h	141.63	+0.250%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.58	+0.214%	$330K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.57	+0.207%	$63.7M	$192.6M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.49	+0.149%	$60.9M	$69.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.45	+0.120%	$16.6M	$64.9M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.71	+0.304%	$92K	$222K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.56	+0.201%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.59	+0.219%	$8.1M	$15.8M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.60	+0.227%	$23.0M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.60	+0.227%	$10.3M	$9.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.59	+0.219%	$28.8M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.59	+0.219%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.53	+0.174%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDClong	+0.0100%	4h	141.28	long leg	$109K	$284K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.49	+0.146%	$452K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.24	−0.028%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.43	+0.106%	$134K	$484K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.36	+0.060%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USDshort	+0.0100%	1h	141.37	+0.064%	$5K	$298K	10x
HTX AAVE-USDT	+0.0100%	8h	141.40	+0.081%	$666K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.44	+0.113%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.52	+0.167%	$909K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.43	+0.106%	$119K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0128%	1h	141.65	+0.262%	$10K	$2K	5x	as long as short
Backpack AAVE_USDC_PERP	+0.0149%	1h	141.51	+0.163%	$385K	$732K	10x	as long as short
Phoenix AAVE	+0.0152%	1h	141.70	+0.297%	$4K	$97K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	141.70	+0.297%	$754K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.37	+0.064%	$3.2M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	141.63	+0.247%	$185K	$294K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0249%	1h	141.45	+0.123%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.41	+0.090%	$110K	—	100x	as long as short
Deribit AAVE_USDC-PERPETUAL	+0.0599%	1h	141.51	+0.163%	$213K	$392K	50x	as long as short